Kaiser Aluminum (NASDAQ:KALU) Hits New 12-Month High at $99.46

Kaiser Aluminum Co. (NASDAQ:KALU) reached a new 52-week high during trading on Monday . The stock traded as high as $99.46 and last traded at $98.62, with a volume of 17465 shares traded. The stock had previously closed at $96.11.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. UBS Group assumed coverage on shares of Kaiser Aluminum in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 target price for the company. Finally, Benchmark restated a “buy” rating and issued a $84.00 target price on shares of Kaiser Aluminum in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.00.

Kaiser Aluminum Stock Up 2.1 %

The firm’s fifty day moving average price is $84.64 and its 200-day moving average price is $70.94. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43. The firm has a market capitalization of $1.58 billion, a P/E ratio of 27.94 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.44. The business had revenue of $738.00 million during the quarter, compared to analysts’ expectations of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The business’s revenue was down 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. As a group, equities research analysts forecast that Kaiser Aluminum Co. will post 4.12 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new stake in Kaiser Aluminum during the first quarter valued at approximately $476,000. Janney Montgomery Scott LLC lifted its stake in Kaiser Aluminum by 16.6% during the first quarter. Janney Montgomery Scott LLC now owns 4,031 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 573 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Kaiser Aluminum by 20.6% during the first quarter. BNP Paribas Financial Markets now owns 15,780 shares of the industrial products company’s stock valued at $1,410,000 after purchasing an additional 2,695 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Kaiser Aluminum by 941.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 819 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Kaiser Aluminum by 8.1% during the first quarter. New York State Teachers Retirement System now owns 5,327 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 400 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.